condition is not remotely life- threatening or even debilitating in a meaningful way." the billionaire investor says he was diagnosed last wednesday, and underwent further testing over the past couple of days. he plans to work while receiving radiation this summer, but says treatment will limit his travel plans, keeping him in omaha. joining us now on the phone, robert hagstrom, portfolio manager at legg mason and an author of several best-selling books about warren buffett. hi, rbt. >> susie, how you are? >> susie: so, first of all, what was your take on this news? >> i this i like all of us who read the letter this afternoon, i think the first sentence in the letter kind of took our breathaway, just we just saw prostate cancer, but the second sentence, i think, gave us, you know, encouragement and calmed our nerves because like you said, it's not life threatening. it doesn't seem to be debilitating in any meaningful way, which is the quote from the letter. >> right. now, warren buffet has always been kind of vague about succession plans, who is going to take over from him as ceo.